[RayChuang88]

While I mostly agree with you, I've actually communicated via email with a number of those stock market "bear" prognosticators and they ALL agree with me that major tax reform is needed, especially with that problem of (by some economic estimates) US$15 TRILLION in liquid assets held by Americans sitting in non-US banks--a level of liquid if brought back to the USA to put in American-based banks and the US equities markets would turn around our economy faster than an F-22A Raptor doing a sharp turn. :-)

[factoryrat]

There's a HUGE difference between taxation and confiscation. Holding money offshore may not be enough. The feds have the ability to twist the arms of foreign governments to get what they want (see Switzerland as an example).

Once the socialists, marxists, and oligarchs of the world unite (a scenario being playing out now), any wealth not in their hands is at risk of being confiscated at the point of a gun.

Like I said, this very same scenario has played itself out many times in history. This time is no different.